The effectiveness of Japanese foreign exchange interventions during 1991-2001

Jun Nagayasu

doi:10.1016/j.econlet.2004.03.007

The effectiveness of Japanese foreign exchange interventions during 1991-2001

Jun Nagayasu

Research output: Contribution to journal › Article › peer-review

28 Citations (Scopus)

Abstract

This paper empirically analyzes the effectiveness of Japanese intervention policies on the yen/US dollar exchange rate over the past decade. Using actual intervention data, this paper suggests that Japanese interventions were effective in affecting exchange rate movements when such operations were coordinated with the Fed. Furthermore, intervention operations were always associated with an increase in exchange rate volatility.

Original language	English
Pages (from-to)	377-381
Number of pages	5
Journal	Economics Letters
Volume	84
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2004.03.007
Publication status	Published - 2004 Sep
Externally published	Yes

Keywords

Foreign exchange interventions
Yen/dollar exchange rates

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2004.03.007

Cite this

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abstract = "This paper empirically analyzes the effectiveness of Japanese intervention policies on the yen/US dollar exchange rate over the past decade. Using actual intervention data, this paper suggests that Japanese interventions were effective in affecting exchange rate movements when such operations were coordinated with the Fed. Furthermore, intervention operations were always associated with an increase in exchange rate volatility.",

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The effectiveness of Japanese foreign exchange interventions during 1991-2001

Abstract

Keywords

ASJC Scopus subject areas

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